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AnonymousNo doubt the gov will bail out the banks again. But will it be only the big banks or all banks. I don’t remember how that played out during the Great Recession.
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On LATOC during that time, we had a thread called “Bank Eated Friday.” The title was a play on words from some troll no one remembers anymore. Every Friday the FDIC would announce which banks had been closed, and which banks assumed their assets and accounts. Hence the eated. It was happening often enough to keep the thread running for over a year.
So little banks are allowed to fail, and the food chain is encouraged up to the point where the bank is big enough to cause real damage, then the bailout happens.
I expect to see the same.
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@Mouse WIzzard, I remember Bank Eated Fridays! LOL! Now that was a very interesting forum. Too bad it folded.
Lets wait till we start seeing actual bank fails and we then can start a specific thread.
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Anonymous@Mouse That’s what I figured, I just don’t remember. Agreed, I expect to see the same. Suggest we do a similar thread here. Maybe this one?
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Actually, the forum is still running at http://dj-atmosphere.com/. Folks are coming back to participate during this crisis. Lots of folks left (including me) when it devolved into basically a right-wing / conspiracy focus group. I participate in the COVID-19 threads but that’s about it.
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